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24
Jan

Supreme Court Rules For JPMorgan On Credit Cards

Posted by Susan Mitchell (0) Comment

The Supreme Court ruled that JPMorgan Chase & Co under an old federal regulation did not have to provide written notice before raising credit card interest rates to account holders who defaulted on a payment.

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Category : Banking News | Credit Cards News | Blog
5
Mar

High Interest Credit Cards In High Demand As Banks Refuse Applications

Posted by Janet Leicester (0) Comment

Desperate families turning to high interest credit cards with as much as 60% interest rates as number of applications accepted by high street banks plunge.

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Category : Credit Cards News | Blog
17
Feb

Barclaycard Writes Of £1.8Billion Bad Debts

Posted by Keith Castor (0) Comment

Barclaycard, Britain’s biggest credit card provider has had to write of £1.8billion as bad debt as more and more people bust.

The amount Barclaycard said it has written off climbed 64 per cent during last year, it said yesterday.

Industry analysts believe the total UK credit card debt written off this year could reach £5billion as the plastic spending bubble bursts.
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Category : Credit Cards News | Blog